Citi Group Margin & Collateral Optimization Operations 

United States, New Jersey, Jersey City 

897384256

Organization Overview:

Our roles entail ensuring we operate in a robust control environment, whilst in a fast-paced workplace. We comply with global regulations and internal policies and adopt a proactive approach to identifying opportunities to reduce risk through the continuous evaluation of our controls; to protect our clients, the firm, and our reputation.

We work closely with our external global peers, partners, and regulators, and play an integral part in leading an agenda at the forefront to optimize and streamline processes and drive strategy across our industry.

Job Purpose:

Margin & Collateral Optimization Operations is part of Markets Operations and helps mitigate credit risk and comply with regulatory requirements through the completion of core responsibilities that include: (i) margin calls processing to ensure successful receipt and/or payment of agreed and eligible collateral, (ii) collateral optimization, (iii) resolution and escalation of exceptions (fails/cash breaks/margin disputes, etc) and (iv) regulatory compliance through collecting/posting of eligible collateral, completing portfolio reconciliations and providing client valuations.

Margin Operations plays a significant role in supporting both internal and external clients throughout the end-to-end margin process and covers the following products: (i) OTC Derivatives, (ii) Futures/Clearing, (iii) Fixed Income Finance (Repo/TBA), (iv) Prime Broker and (v) Cross Product Margining. Interaction and collaboration with Front Office (Sales and Trading), Credit Risk, Finance, Legal and Compliance is required as part of the daily margining process.

Margin Operations also plays a role in ensuring it is continuously trying to maintain and improve its controls and processes, while ensuring it remains compliant with new regulations as they arise and executing its transformation strategy. The team works closely with internal Transformation and Technology teams when required to work on such deliverables.

• This is an exciting opportunity to get directly contribute to Citi’s ongoing transformation agenda, through the channel of the Markets Margin & Collateral Optimization Operations business development component of this agenda.

• This is an Assistant Vice President (AVP) role within the Markets Operations Organisation, in the Margin & Collateral Optimization Operations team where you will sit in the newly formed Margin & Collateral Optimization Business Development team. This is a great opportunity to join a new pillar of the Margin organization, focused on attracting individuals with a continuous improvement mindset and aptitude for problem solving, and be part of the team’s expansion over time.

• The purpose of this role is to increase the Margin & Collateral Optimization Business Development teams capability to design quality ideas to improve existing processes, play a key role in developing and executing against our Target Operating Model, as well as act as a SME/quality control on new projects or regulations requiring our consideration and our Margin technology team. There is a strong focus on obtaining clear benefits and requirements to allow for effective prioritization. You will play a key role in helping shape the prioritization of the Margin & Collateral Optimization Operations senior management agenda and Margin Technology book of work.

• You will develop a broad and detailed understanding of the Organization’s landscape, culture, processes, and Technology.

Risk Management:

• Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

• Accountable for integrity of process, operations, and end results. Implements a successful risk/control environment related to collateral and/or margin processes.

People & Inclusion Agenda:

• Promoting a culture of continuous improvement and cultivating a robust service and control environment

• Championing diversity and inclusion to create a working environment which allows our People to thrive and excel.

Organisational Transformation:

• Providing input to simplify, improve and measure processes by delivering enhancements to the control environment, and the customer journey with input to design techniques and digital automation

• Providing valuable input into strategic platform re-engineering initiatives, reducing manual touch points and aligning tech delivery vs. business goals and wallet share optimization

• Providing input into initiatives to continuously improve straight through processing (STP) rates, including the use of robotics, workflow, and other innovative re-engineering technique.

Qualifications and Skills:

• BS/BA degree (US) or equivalent work experience preferred.

• We’re seeking motivated individuals with at least 4 years work experience, preferably with experience working in a bank or a role where you have had to be analytical, process oriented and had to deliver change.

• At least basic experience and knowledge of Margin/Collateral Management operational functions.

• Experience participating in delivery of changeprograms in some capacity and demonstrating business analysis and requirement writing skills.

• Excellent verbal, written and presentation skills, with the ability to interact with stakeholders of different levels of seniority and from different areas of firm – candidate will have support to develop under the Margin & Collateral Optimization Business Development team leads.

• Motivation and intellectual curiosity to learn about the full ‘front-to-back’ process and related teams’ overtime to be more effective, rather than just thinking ‘inside the box’ of your direct function.

• Requires analytical skills to filter, prioritize and validate potentially complex material from multiple sources.

• Presents data and analyzes/validates to develop valued added solutions to increase productivity and efficiencies, mostly but not limited to, collateral and margin.

• Ability to build relationships.

• Energetic, flexible, collaborative, and proactive; ideally with a leadership mindset

• Strong risk management and control mindset

• In time, ability to establish and build trust with professionals throughout the business as a leader, advisor, and business partner to the organization with a clear client orientation.

• Ability to conceptualize aspects of the organization’s model and its future development.

Anticipated Posting Close Date:

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